Price hike of Rs 1,500 - Rs 5,000 applicable on a select range of models, whereas, the Vitara Brezza and Baleno are now costlier by Rs 20,000 and Rs 10,000, respectively.
Maruti Suzuki has announced a price hike across its model range with effect from August 1, 2016. While prices of a select range of models will rise by Rs 1,500 – Rs 5,000, two of the company’s current bestsellers – Brezza and Baleno – will be dearer by Rs 20,000 (Brezza) and Rs 10,000 (Baleno)!
As per the company, the current revision in prices comes owing to factors like segment-wise demand, forex movements and strategic objectives of the company. Maruti Suzuki also clarifies that the Brezza was initially launched at introductory prices so this hike was sort of inevitable – although one may argue that it’s quite steep at Rs 20,000. Same goes for the Baleno as well. Both the models have been runaway successes for the manufacturer and are selling like hot cakes in the market. In fact, the current waiting period for these models range between 4 and 8 months. After Maruti Suzuki, expect other manufacturers to follow suit and hike prices of their respective products in the coming time.
Monthly sales for Maruti Suzuki continues to be as strong as ever. In fact, in July 2016, the company posted a net growth of 12.7 per cent in its sales, selling 1,37,116 units. And if we talk of domestic market alone, Maruti Suzuki posted its best ever monthly sales of 1,25,778 units last month.
Around festive season, Maruti Suzuki plans to add two new models, namely, Baleno RS and Ignis, to its current line-up. Both these models will be sold through the company’s premium Nexa dealer network across the country.